my client is setting up an industry ok llkkmmmlk mm k llkkmmmlkmainlymainly for exporting rice.
i want to khow whether the itc on capital goods purchased from india for setting manufacturing unit is eligible for refund or any other option is available .
the final product is unbranded rice which attract nil rate of gst.
refund or available option under gst
Replies (1)
Refund is not available on capital goods when opted to export without payment of duty.
Suggested to export with payment of duty utilising ITC on capital goods and claim refund of GST paid.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
